by Steve Monroe | Feb 7, 2018 7:00 am | Acquisitions
A Southern California-based regional operator is heading north, to Petaluma (about 40 miles northwest of San Francisco), to acquire and take over management of a 40-unit memory care community. Previously owned by a TIC investor, who decided to divest the asset to... Read More »
by Steve Monroe | Feb 6, 2018 4:11 pm | Financings
Lancaster Pollard announced two HUD refinances it closed on behalf of clients in Illinois and Oregon. First, Brett Murphy arranged an $11.2 million HUD loan for a 100-unit supportive living facility in McHenry, Illinois (Chicago MSA), which refinanced the original... Read More »
by Steve Monroe | Feb 2, 2018 7:02 am | Acquisitions, Financings
One of Monticello Asset Management’s investment vehicles originated $16.48 million in first lien debt to finance the acquisition of a 119-bed skilled nursing facility in Nashville, Tennessee, with the experienced owner/operator buyer looking to refinance through HUD... Read More »
by Steve Monroe | Feb 2, 2018 7:01 am | Acquisitions
The story of Sunwest Management keeps creeping up in the news, although not in a bad way this time, as a former Sunwest assisted living/memory care community in Spartanburg, South Carolina, just sold to a joint venture between LTC Properties and Affinity Living Group.... Read More »
by Steve Monroe | Feb 2, 2018 7:00 am | Acquisitions
Ryan Saul of Senior Living Investment Brokerage facilitated the sale of a 156-bed skilled nursing facility in New Albany, Indiana, on behalf of the same investor he sold the property to roughly 10 years ago. Located across the Ohio River from Louisville, Kentucky,... Read More »